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Woowa Brothers to root out malicious reviews

An employee of Woowa Brothers walks into the comopany's headquarters in Songpa District, Seoul, in this undated file photo. YonhapBy Kim Jae-heunWoowa Brothers, operator of the country's largest food delivery platform Baedal Minjok (Baemin), has adopted a new review management policy based on the International Organization for Standardization's (ISO) newly enacted international covenant on online consumer reviews (ISO20488), according to company officials Friday. The move is designed to protect restaurant operators, as more and more consumers leave malicious or irrelevant comments about food or restaurant service.Woowa Brothers CEO Lee Kuk-hwanIt is the first time for a local platform to establish a review policy based on a global standard convention. The delivery platform operator conducted related research with Konkuk University's Digital Communication Research Center and set the three main values of its new review policy as “trust,” “protection of rights and interests” and “openness.”The company also included authenticity, accuracy, personal inf

Dec 23, 2022By Kim Jae-heun
Woowa Brothers to root out malicious reviews
Companies

Dongwon F&B to lead zero calorie beverage market

Dongwon F&B's zero calorie drinks / Courtesy of Dongwon F&BBy Kim Jae-heunDongwon F&B has recently launched a zero-calorie ion drink called Transparent Ion, followed by the introduction of Boseong Black Ice Tea Zero last June. The company is expanding its product line as part of its efforts to target the fast-growing zero-calorie beverage market here.Zero-calorie drinks have actually been leading the growth of Dongwon F&B's beverage sector. As of September this year, the food company's sales of zero-calorie drinks more than tripled to show about 25 billion won (17.6 million), year-on-year. Both Transparent Ion and Boseong Black Ice Tea Zero have broken the stereotype that ice tea and ion drinks have high calories and are too sweet. They are drawing much attention from consumers who are health conscious. The cumulative sales of Boseong Black Ice Tea Zero surpassed 15 million bottles just one year after its launch ― riding high on the popularity of zero-calorie drinks. Dongwon expects to sell 30 million by the end of this year. Transparent Ion is designed to target cons

Dec 22, 2022By Kim Jae-heun
Dongwon F&B to lead zero calorie beverage market
Companies

Only 16 Korean companies listed in Fortune Global 500

Changes in REDBy Kim Jae-heunKorea is less competitive than many advanced countries based on the number of its major global companies.According to an analysis released by the Federation of Korean Industries (FKI) on Thursday, only 16 local firms (3.2 percent) have been included in the world's top 500 companies. It is not a big improvement compared to the 15 companies that made the Fortune Global 500 list last year.Chinese companies account for the largest number with 136 (27.2 percent), followed by 124 in the United States (24.8 percent), 47 in Japan (9.4 percent), 28 in Germany (5.6 percent), 25 in France (5 percent) and 18 in the United Kingdom (3.6 percent). Looking at the sales analysis by country, the total revenue of South Korean firms stood at $996.2 billion (1,271.3 trillion won), the lowest among major countries such as the United States ($11.2 trillion), China ($11.1 trillion) and Japan ($2.9 trillion). South Korea also lacks diversity in its industrial portfolio. The local firms listed in the Fortune 500 are operating in only eight sectors out of 21 in total. It fell short

Dec 22, 2022By Kim Jae-heun
Only 16 Korean companies listed in Fortune Global 500
Companies

Coway's new 'Mine' massage chair to make splash

Coway's massage chair, the “Mine” / Courtesy of CowayBy Kim Jae-heunLocal home appliance maker Coway's new massage chair “Mine” is leading the way here with its compact size and innovative technology, the company said Wednesday.The company designed the Mine to be more compact, taking into account new insights about consumer reluctance to purchase large-sized massage chairs, which currently prevail in the local market. Coway's compact massage chair is about 47 percent smaller than existing products of other competing brands. Its compact size fits conveniently in any space in an office or at home.The Mine applies a 180-degree rotational calf module, so it can be used as both a massage chair and recliner depending on user's needs. The rotating calf module is made to be a calf massage device in the front and a calf rest cushion in the back. The massage chair offers a total of 11 massage services, including five automatic massage modes, five manual massage modes and a concentrated massage mode that takes care of one particular area on the user's body. The Mine is s

Dec 22, 2022By Kim Jae-heun
Coway's new 'Mine' massage chair to make splash
Companies

Nongshim sells over 16 million packs of new instant noodles in 100 days

Nongshim's new instant noodles, “Ramyun King Kim Tong Kkae” / Courtesy of NongshimBy Kim Jae-heunThe country's largest instant noodle maker, Nongshim, has sold over 16 million packs of its new instant noodles, “Ramyun King Kim Tong Kkae,” in just 100 days since its launch in August. The noodles are the most-sold new product released this year, the company said, Wednesday. The secret to Ramyun King Kim Tong Kkae's popularity is its distinct savory flavor. The instant noodles have secured a large fan base with their taste of roasted seaweed flakes, roasted sesame seeds and red pepper oil seasoning. Many of the consumers' online reviews praised the product's healthy-tasting soup and chewy dried noodles. Ramyun King Kim Tong Kkae is a prosumer product that involved consumers in the design, manufacture and development of the instant noodle. “Reflecting the opinions of instant noodle enthusiasts, we have introduced our new product, Ramyun King Kim Tong Kkae, made with seaweed, which everyone likes regardless of gender or age,” a Nongshim official said. N

Dec 21, 2022By Kim Jae-heun
Nongshim sells over 16 million packs of new instant noodles in 100 days
Companies

Braving bad weather, delivery drivers take risks to earn more

People cross a street as snow falls in Seoul on Dec. 15. Korea Times fileBy Kim Jae-heunA 31-year-old delivery worker surnamed Kang made more than 300,000 won ($232) in just seven hours delivering food last weekend, when temperatures dropped to minus 15 degrees Celsius, while many other drivers decided to stay home.“I was paid three to four times more than usual as restaurants fell short of delivery workers in such cold weather. It was also snowing a lot, so the roads were very slippery and I had to take risks, but Coupang paid me well,” he said.Another delivery driver surnamed Lee said he made nearly 500,000 in one day last weekend.“Riders are paid double or three times more on days when there is heavy rain or snowfall, because it's dangerous to deliver food on scooters. There are people like me who take advantage of that to make big money,” Lee said.Snowy and icy roads are dangerous not only for pedestrians, but also for delivery drivers who ride on scooters to deliver food. This makes online food orders soar, while the number of delivery workers plunge, cau

Dec 21, 2022By Kim Jae-heun
Braving bad weather, delivery drivers take risks to earn more
Companies

SPC offers 'Snow Wishing Tree' cake

Paris Baguette's “Snow Wishing Tree” cake, advertised in this image, is decorated with vanilla cream, strawberry compote and whipped cream. SPC, operator of the country's largest bakery chain, provided the picture to celebrate Christmas Day this Sunday. Courtesy of SPC

Dec 20, 2022By Kim Jae-heun
SPC offers 'Snow Wishing Tree' cake
Companies

Han Sung Motor fulfills social responsibility through art

Han Sung Motor Corporate Affairs Division Chief Kim Min-jung, center, poses with workers from a donation organization after delivering 30 million won and necessities to sick children at a welfare center in downtown Seoul, Dec. 14. Courtesy of Han Sung MotorBy Kim Jae-heunMercedes-Benz Korea official dealer Han Sung Motor made a donation again this year to fulfill its corporate social responsibility. The company donated 30 million won ($23,094) recently and contributed necessities to sick children suffering from childhood cancer, leukemia and rare incurable diseases. The charity event was held to help prevent young patients and their families from falling short of money to pay medical expenses due to long periods of treatment at hospitals. There were families who had tens of millions of won in debt accumulated from hospital expenses as many treatments for pediatric cancer are not covered by insurance. Their children had to cut their pills in half to save money. Han Sung Motor delivered donations through the Korea Association for Children with Leukemia Cancer in the hope that children

Dec 20, 2022By Kim Jae-heun
Han Sung Motor fulfills social responsibility through art
Companies

LS C&S expands business with LS materials

LS Materials workers are producing ultracapacitors at the company's plant in Gunpo, Gyeonggi Province, Oct. 31. Courtesy of LS C&SLS Cable & System (LS C&S) is stepping up efforts to expand its new business with its affiliate LS Materials, the company said Monday. LS Materials is a company specializing in ultracapacitors that began research and development at LS C&S in 2002. An ultracapacitor is a special industrial battery that has the advantages of fast charging and discharging as well as a long life span. It is used mainly for wind power generators, uninterruptible power supplies, factory automation, automated guided vehicles and electric vehicles.The company is growing at an annual average of more than 30 percent thanks to its sales surge in exports of ultracapacitors for U.S. wind turbines. LS C&S is expanding its investment in ultracapacitors as it believes that the market will grow to trillions of won when the use of ultracapacitors is generalized in electric vehicle parts such as emergency power and output assistance devices.Ultracapacitors play a role in

Dec 20, 2022By Kim Jae-heun
LS C&S expands business with LS materials
Companies

Presenting Royal Salute whiskey's 30-year-old edition in Seoul

Pernod Ricard Korea CEO Frantz Hotton talks about the new trend and growth of high-end whiskey at a press conference introducing Royal Salute's 30-year-old edition at Maison LeCercle Lounge in Gangnam, Seoul, on Nov. 24. Courtesy of Pernod Ricard Korea

Dec 19, 2022By Kim Jae-heun
Presenting Royal Salute whiskey's 30-year-old edition in Seoul
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